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Old 05.11.2020, 17:00
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Re: CGT on foreign property

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Where is this documented that only 5.5 years is allowable? It was always my understanding that if you move for work then ppr is available if you return in full

4.6b from the following shows there is no time limit if you move abroad

https://www.gov.uk/government/public...relief-2017--2

Fatman. Can you explain the five year rule for cgt if non tax resident. Is that five years clear from date of sale or five years in total??

What I mean is if you have a btl which has a big cgt can you sell it after five years non resident and then immediately return to Uk without paying any cgt tax or do you have to sell it today and then wait five clear years before returning?
On an investment property assuming you remain non resident for 5 FULL UK tax years you would pay UK CGT on any uplift in value since 5 April 2015. If you return to the UK before 5 years you will pay uplift from purchase / 1982 value if earlier plus refurbishment costs & sale purchase expenses
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